Nvidia stock falls after U.S. government restricts chip sales to China
Nvidia stock falls after U.S. government restricts chip sales to China
www.cnbc.com
Nvidia stock falls after U.S. government restricts chip sales to China
Nvidia said on Wednesday that it's been told by the U.S. government to stop selling chips in China and Russia.
The stock price isn't the interesting part, it's that NVIDIA can't sell to Russia or China. Here's the SEC source:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1045810/000104581022000146/nvda-20220826.htm
I posted elsewhere about a new chip designed/made in China that competes with NVIDIA. As US Gov puts more restrictions on business with russia and china, the more chinese industries catch up with the likes of NVIDIA, intel, amd, etc